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Categories  >>  Accounting  >>  CompanyAffairs CS
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
can a pvt ltd. coy take unsecured loan from any partnership 
firm? If not why?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: can a pvt ltd. coy take unsecured loan from any partnership firm? If not why?
Answer
# 1
can not accept; If accepted Section 58A of the Companies
Act will be attracted. As per Companies (Acceptance of
Deposits) Rules 1975, the rules made u/s 58A, a private
company can accept deposits/unsecured loans (only) from
members, directors and directors' relatives, provided a
declaration as per rule 2 (b) (ix) is obtained from them
while accepting such deposit/unsecured loan.
 
Is This Answer Correct ?    0 Yes 1 No
Saju
 

 
 
 
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